CAN SOMOME PLEASE HELPPP!!

You rent an apartment that costs $1700 per month during the first year, but the rent
is set to go up 9% per year. What would be the rent of the apartment during the 12th
year of living in the apartment? Round to the nearest tenth (if necessary).

CAN SOMOME PLEASE HELPPP You rent an apartment that costs 1700 per month during the first year but the rent is set to go up 9 per year What would be the rent o class=

Respuesta :

Answer:

  • $4386.70

Step-by-step explanation:

The rent will increase 11 times before the 12th year

Required equation:

  • $1700*(1 + 0.09)^11 = $4386.70 (rounded)

Answer:

$4386.70

Step-by-step explanation:

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